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All properties, tenants, documents and figures in this workspace are fictional. Actions that would change a real record are clearly marked.

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Northgate Plaza

14210 Juanita Drive NE, Kirkland, WA 98034 · Retail · 68,400 SF · Built 1998 (renovated 2015) · Northgate Retail Partners LLC

Leases → Puget Tax & Bookkeeping → Draft a document

Lease extension — Puget Tax & Bookkeeping

Step 1 sets the assumptions, pulled from this lease. Step 2 drafts the document from those assumptions. Nothing is filed until you save it, and what you save is stored as a versioned draft on this lease.

1 Assumptions

Change any assumption and re-draft — the figures below recalculate from this lease.

What the draft will say

LandlordNorthgate Retail Partners LLC
TenantPuget Tax & Bookkeeping
PremisesSuite B-220 · 2,300 SF
Current expirationApr 30, 2028
New termMay 01, 2028 – Apr 30, 2033
Current rent$31.50/SF · $72,450/yr
New rent (+3.0%)$32.45/SF · $74,635/yr
Monthly$6,038 → $6,220
Annual uplift$2,185
Escalation2.5% per year
Options remaining0
StructureNNN

Rent math: $31.50 × (1 + 3.0%) = $32.45/SF; × 2,300 SF = $74,635 per year.